Most gringos don’t realize that Brazil and Latin America’s experience with democracy is relatively recent. Brazil has come a long way since it returned from dictatorship to democracy in the late 1980s. It only drafted its current constitution in 1988, just over twenty years ago. Today, politics is less polarized, the military has less influence, consumers have greater choice thanks to fewer barriers to imports, and most crucially, inflation is no longer the unslayable dragon it was in the late 1980s and early 1990s...